Victoria's Secret Stock Craters 35% In A Week - Upgrading From A Sell

Pgiam/iStock via Getty Images In November 2022, we slapped a sell rating on Victoria's Secret & Co. (NYSE:VSCO). Shares have never recovered are down nearly 60% since that call. Now, we will point out that shares had been on a tear from the mid-teens to about $30 before dumping off after the just-reported Q4 2023 earnings. You know what is interesting about this collapse in shares is that the quarter was actually decent. In fact, sales were in line with expectations, while EPS was a beat against consensus e ...